All Forum Posts by: Sean Thompson

@Aaron Akins Welcome to the community, and congratulations on taking some big steps towards your real estate journey. I am a investor who lives in Boise as well. The gains we have seen the last few years have been spectacular and have given many people the opportunity to do some serious investing in real estate. Have you thought about renting, and using your funds exclusively for investing? There are many paths you could take depending on what your goals are. If you ever need a sounding board feel free to connect with me. 

@Joshua Kelley Nice work. I am an out of state investor who just closed on my first deal in the Springfield area. Feel free to DM me if you want to connect.

@Nick Schiele I think it’s important especially right now to get clear on what you want to do with real estate, and why you are doing it. It is a really difficult time for new and experienced investors right now as most markets across the country are competitive. Reason I say this you must decide do you want cash flow? Appreciation? or both? And decide what can I afford. Do I want to make moves with real-estate now? Or is it more important to be in Boise. Put yourself in a position where you can compete, right now you’re in a tough spot to compete in Boise. I would either align yourself with a market where you can compete, or save your nickels until the time is right to where you can be competitive with other buyers in Boise. Good luck.

@Karen Catalona That is awesome I agree Springfield checks a lot of boxes for places to invest.  I as well would love to share any information / contacts I make. I would love to keep tabs with each other to see the progress we make.

@Michelle Vieira That is great to hear, I am getting the vibe that people involved in this market are very open and supportive which I feel makes success for everyone. Thank you for sharing this group I will definitely check it out!

@Mario Cuartas Thank you I actually have a phone call with Dan today.

@Stephen Mackivitch I would love to connect I will send you a private message.

Hey BP,

My name is Sean and I am interested in learning more about the Springfield market and also making connections with relators, property managers, lenders, and other investors. Thanks for the replies!

Sean

Hey @Katy Scherr!
I am looking to invest in Spokane as well. I have some family in the Mead area, feel free to message me I would be happy to share any contacts I have.

Good luck,

Sean

Hey BP,

Simple question for the community. What's your deal flow pie chart? In other words what % of your deals are coming from, wholesales, direct-mail marketing, your network? Here is an example.

30% Direct Mail Marketing

60% Wholesalers

10% My Network

Thanks in advance!

Boise is really almost exclusively an appreciation market. Even minimal cash flow is hard to come by. Our rents have a way to catch up to what our appreciation has experienced.  Like a lot of places in the country right now plenty of people want to move in, nobody wants to leave. Having said that I'm sure there are creative ways to find cash flow i.e. renting by the room, adding living structures to properties it is going to take out of the box thinking to make it work. Feel free to PM me if you have any more questions. 

I have some connections in Colville as I lived there when I was younger. PM me, I will see if I can get you a good relator recommendation. I would agree with @Jay Hinrichs though it is a really small market I would encourage you to look at least Chewelah , Deer Park, or Spokane just my 2 cents. Having said that I'm sure there is someone out there who has done well in real-estate in this area!